Listed by Starker West, Inc
$4,800,000
National City
Details
APN 561-100-30-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,200
Units 19
Cap Rate 5.52%
NOI $264,878
Occupancy 100%
Pro-Forma Cap Rate 7%
Pro-Forma NOI $336,031
Price per SqFt $393
Year Built 1970
Buildings 1
Stories 2
Acreage 0.240
Investment Type Value Add
Multifamily | 19 Units | $252,632/unit
Marketing description
1740 N Avenue presents a well-located multifamily investment opportunity in the heart of National City. The property has recently undergone significant capital improvements, including a brand-new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and a fully renovated laundry room. Approximately half of the units have been updated, providing a clean, modern living experience for current tenants while leaving room for a new owner to add value through additional interior renovations. With solid in-place income and below-market rents, this asset offers an ideal balance of stability and upside. Investors have the opportunity to increase cash flow over time by bringing remaining units to market standard. Located near major freeways, schools, and key employment hubs, 1740 N Avenue is perfectly positioned for long-term rental demand and appreciation.
Investment highlights
- Proven rental upside with below-market rents
- Strong in-place income stream
- Excellent location near major freeways, schools, and employment centers
- ADU plans in progress — to be delivered with permit for the new owner to build a 20th unit
- Approximately 50% of units renovated
Listing Contacts
Listed by Starker West, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,878.00
$22,073.17/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
Map
Zoning
RS-2 ResidentialSingle FamilySmall Lot Residential
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View all 57 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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